Egypt's GASC buys 175,000 T Russian wheat in tender

GASC had been seeking an unspecified quantity of wheat for shipment Jan. 20-31

  
A farmer shows wheat grains after harvesting it from a field in the Gharbia Governorate, as Egypt ramps up efforts to slow the spread of the coronavirus disease (COVID-19), Egypt May 14, 2020.

A farmer shows wheat grains after harvesting it from a field in the Gharbia Governorate, as Egypt ramps up efforts to slow the spread of the coronavirus disease (COVID-19), Egypt May 14, 2020.

REUTERS/Mohamed Abd El Ghan

CAIRO - Egypt's state grains buyer, the General Authority for Supply Commodities (GASC,) said on Thursday it bought 175,000 tonnes of Russian wheat in an international purchasing tender for the grain.

GASC had been seeking an unspecified quantity of wheat for shipment Jan. 20-31.

Traders gave the following breakdown of the purchase in dollars per tonne:

* GTCS: 55,000 tonnes of Russian wheat at $261.00 and $13.80 freight equating to $274.80

* Posco: 60,000 tonnes of Russian wheat at $262.35 and $12.80 freight equating to $275.15

* Agro AST: 60,000 tonnes of Russian wheat at $262.60 and $12.80 freight equating to $275.40

(Reporting by Nadine Awadalla, Maha El Dahan and Michael Hogan; editing by Mark Heinrich) ((Nadine.Awadalla@thomsonreuters.com;))

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